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NIA comments: Copper just broke $4 per lb
and hit $4.04 per lb and Braveheart Resources (TSXV: BHT) owns 100% of two past producing copper projects in Canada. BHT's Bull River Mine Project will likely be one of the next copper projects to enter production in Canada. BHT already has a mill on site as well as seven levels of underground workings providing direct access to its 43-101 copper resource. They are currently in the process of obtaining permitting to process the large above ground stockpile of ore. This is a major possible upcoming catalyst to look forward to.
Still dipping, so still accumulating. Nice opportunity. IMO
Informative video
Picked up a boat load of this. Should do well. Potential to reach $1 if bitcoin does well through the year.
Yes making a strong move indeed. Hope it hold most of it. I think it deserves this move.
Sorry I guess you need to be logged in the get there.
https://www.virtualinvestorconferences.com/welcome
Medallion Resources Ltd. (OTCQB: MLLOF | TSX-V: MDL)
02/18/2021 3:00PM - 3:30PM
Presenting today
Medallion Resources Ltd. (OTCQB: MLLOF | TSX-V: MDL)
02/18/2021 3:00PM - 3:30PM
https://onlinexperiences.com/Server.nxp
I believe that target is itself greatly still undervaluing this stock.
Couloir Capital Initiates Braveheart Resources coverage BUY price target $0.21
Investment Highlights
• Braveheart Resources Inc. (“BHT”, “the company”) is a base metals explorer with a focus on projects in British Columbia (“BC”) and Ontario. It has two polymetallic-copper mines at the development stage and is targeting near-term production.
• BC Copper Mine with Near-Term Production Restart: At BHT’s Bull River Mine, the company are looking to restart copper production from the existing mining infrastructure, with low-cost cash flow generation being targeted within the calendar year.
• Developed Copper Asset in Pickle Lake: At the Thierry Mine, a historical producer with currently flooded underground workings, BHT has recently announced a positive Preliminary Economic Assessment (“PEA”), further shoring up its development portfolio.
• Flexibility on Debt Servicing: Despite the large debt held by the company, we believe the weak solvency picture is offset by the willingness of creditors to reach agreements with the company and support its mine development.
• Based on our analysis and valuation models, we are initiating coverage on BHT with a BUY rating
The #1 strongest commodity right now is copper, which just hit a new 8-year high this morning of $3.90 per lb.
NIA believes that the #1 highest quality copper exploration project is the Bull River Mine Project of Braveheart Resources (TSXV: BHT).
Amazingly, BHT closed yesterday down to only $0.10 per share. Its relative strength index (RSI) is at an extremely oversold level of 25.57.
Incredible volume
Hoping for a good close. Impressive volume for sure.
Wowzer. That is a powerful interview for the case to own Silver.
Thanks for post
Kaboom Up 68% ???? see how that holds up.
Grid Metals Files NI 43-101 Report on Bannockburn Nickel Property: Historical Drilling Identifies Potential for Bulk Tonnage Nickel Deposit and High Grade Nickel Mineralization 2/17/2021
TORONTO, ON / ACCESSWIRE / February 17, 2021 / Grid Metals Corp. (the "Company" or "Grid Metals") (TSXV:GRDM) is pleased to announce it has received the Independent National Instrument 43-101 Technical Report ( the "Technical Report") on the Bannockburn Nickel Sulphide Property ( the "Property") located in the Matachewan area, approximately 100 km south of Timmins, Ontario. The author was Caracle Creek International Consulting Inc. of Sudbury, Ontario. The Technical Report was commissioned in order to summarize all relevant geological and historical exploration information on the Bannockburn Property (including 84 drill holes) and obtain independent recommendations for future exploration at the Property. The full report will be filed on SEDAR and will also be made available on the Company's website.
Key Findings of the Bannockburn Property Technical Report
The style of mineralization present in the B Zone (Mount Keith-type) at Bannockburn is directly comparable to the large-tonnage, low-grade nickel sulfide resources hosted by the Crawford Ultramafic Complex ("CUC") on the Crawford Nickel-Cobalt Sulphide Project, owned by Canada Nickel Company Inc. ("TSXV: CNC"), and the Dumont Nickel Deposit owned by Dumont Nickel Magneto Investments L.P. (and previously Royal Nickel Corporation).
The B Zone occurs within a ~3.5 km magnetic anomaly that is related to a serpentinized ultramafic body believed to have originated as an adcumulate dunite intrusion similar to that hosting the Crawford nickel deposit.
The Property shows good potential for developing both low-grade, large tonnage and high-grade, low tonnage nickel (Co, Pt, Pd, Fe) resources and warrants additional exploration given similarities of initial drill intersections, in terms of grade and thickness, to that reported in the Main and East zones at the Crawford Nickel Project.
The Property is located ~100 km south of Timmins, Ontario near the town of Matachewan in an area with excellent infrastructure. The Property mineral rights are held 100% by Grid Metals by way of 125 contiguous unpatented mining claims that cover approximately 2 700 hectares and are subject to a 2% NSR held by Outokumpu Mining.
Disseminated nickel mineralization was intercepted in 10 historic drill holes over a 350 metre strike length in the B Zone (see Figure). Drill hole MBB4-09 assayed 0.327% Ni over 202 metres starting at the top of the bedrock surface and bottomed in mineralization. For reference this nickel grade is similar to the grade reported from the Main Higher Grade Zone Measured and Indicated Resources of the Crawford Nickel resource reported Jan. 18, 2021 by Canada Nickel Company.
https://www.accesswire.com/630107/Grid-Metals-Files-NI-43-101-Report-on-Bannockburn-Nickel-Property-Historical-Drilling-Identifies-Potential-for-Bulk-Tonnage-Nickel-Deposit-and-High-Grade-Nickel-Mineralization
Disappointing day for this stock. So undervalued and still it fell alot. ????
I am finally in the green for this one. Hard fought climb. Nice Voume today.
Global Metals & Mining Live Virtual Investor Conference February 16th, 17th, 18th
BY Canada NewsWire
— 8:35 AM ET 02/12/2021
NOTE: Medallion presentation will be --
Feb 18th 3:00 PM Medallion Resources Ltd. ( MLLOF )
OTCQB: MLLOF | TSX-V: MDL
Company Executives share vision and answer questions live at VirtualInvestorConferences.com
NEW YORK, Feb. 12, 2021 /CNW/ - Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the upcoming Metals and Mining Virtual lnvestor Conference. Individual investors, institutional investors, advisors, and analysts are invited to listen to the executive management of metals & mining companies discuss their property positions, development schedules, market opportunity, and investment highlights. The program opens at 8:45 AM ET, with the first webcast at 9:00 AM ET on Tuesday, February 16th.
REGISTER NOW AT: https://bit.ly/3tFv5vU
It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to log-in, attend live presentations or ask questions.
"We are delighted to present our three-day Global Metals and Mining Virtual Investor Conference highlighting the perspectives of today's leading global resource companies," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "We appreciate the continued support of our co-sponsor Amvest Capital and welcome the input of our keynote speakers: Terry Heymann, CFO, World Gold Council, Michael DiRienzo, Executive Director, The Silver Institute and Daniel Mamadou of Welsbach Holdings."
"As we co-host our second event with the OTC, we are excited to bring together developers and producers of various mineral commodities," says Gabriel Alonso-Mendoza, Managing Partner at Amvest Capital, "we believe a bull-market in commodities is commencing, and this conference provides investors with ideas to advantageously allocate their capital."
The case for copper
Thanks Ashy, good interview that continues to confirm we are undervalued. Also indicates patience will be needed as we wait for Spring drill program which will be the major catalyst for price increases. Glad to know they have the cash for the 40+ drill program.
Should be a very good summer here of investors.
This I do know, if I get impatient and sell here it will shortly go up 2-3x. So many of ones I did that with did exactly that to me. Frustrating for sure. Really not happy that GIL has not highlighted this one recently like he said he was going to do. Maybe soon.
Braveheart Announces Positive Initial Results on Ore Sorting at Bull River Mine Project
Calgary, Alberta--(Newsfile Corp. - February 11, 2021) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) ("Braveheart" or the "Company") is pleased to announce positive initial results for the application of ore sorting on the stockpiled mineralized material at its 100% owned Bull River Mine project ("Bull River") near Cranbrook, British Columbia.
Braveheart recently sent samples from a stockpile of mineralized material consisting of copper, gold and silver at Bull River to the TOMRA Sorting Solutions ("TOMRA") facility in Hamburg, Germany. TOMRA designs and manufactures sensor-based sorting technologies for the global mining industry. X-Ray technology ("XRT") was chosen as the most appropriate technique for the Bull River material on the expected differences in atomic densities of copper-bearing material and host rock. Testing is being managed by ABH Engineering ("ABH"), a world leader in ore sorting technology assessment and installation. Brent Hilscher, VP Mineral Processing at ABH, stated: "The exploratory tests for Bull River show an unusually clear density association. The high- and low-grade rocks for this deposit are extremely easy to separate with an XRT system. Further work will focus on defining performance and identifying economic benefits. Results are still preliminary, and work is ongoing. Final results of the ore sorting study are expected in March 2021".
Ore sorting or pre-concentration of mineralized material has the potential benefits of increasing the mill feed grade which can result in an improved net present value ("NPV") of a mining project. Potential benefits include a lowering of operating costs on a unit basis, a reduction in the volume of fine tailings created through the milling process and the overall volume of material transported to the tailings storage facility, a reduction in power consumption particularly in the grinding circuit and a lower overall environmental impact.
Braveheart plans to advance the Bull River mine project in a phased approach wherein a surface stockpile of mineralized material will provide the initial feedstock to an up-graded 700 tonne per day mill. Ore sorting capability could be introduced ahead of the grinding circuit.
Ian Berzins, President and CEO, added, "The initial results are encouraging. Samples originated from mineralized material that was extracted from seven separate sublevels in the underground workings. We engaged Brent to lead this project given he is one of the world's leading experts in ore sorting, with participation in over 50 mining projects and studies. Introduction of ore sorting in the crushing circuit could have a positive impact on the economics of our Bull River project and may be applicable at our newly acquired Thierry copper, nickel and silver project in Ontario."
Canagold Optionee Getchell Gold Extends Gold Mineralization Zones at Fondaway Canyon Project, Nevada
VANCOUVER, BC / ACCESSWIRE / February 10, 2021 / Canagold Resources Ltd. (TSX:CCM)(OTCQB:CRCUF)(Frankfurt:CANA) is pleased to announce the results from the last three holes by Getchell Gold Corp. from their six-hole 1,995 metre diamond drill program at the Fondaway Canyon Gold Project in Nevada. (See Figure 1 Fondaway Central Area Plan Map)
Getchell has an option to acquire 100% interest in Fondaway Canyon from Canagold by paying US$4 million in cash payments and share issuances and incurring annual exploration expenditures on the property (See news release of January 7, 2020). Upon exercise of the option Canagold will retain a 2% NSR on the Project.
Key Highlights
Assay results have been returned for the last three holes from the 2020 drill program at Fondaway (See Table 1 Fondaway 2020 Drill Interval Highlights);
These final three holes all intersected broad zones of gold mineralization and have significantly extended the previously defined gold domains;
Holes FCG20-05 and FCG20-06 successfully extended the mineralized Colorado structural zone, initially intersected by holes FCG20-02 and FCG20-03, 150 metres down dip towards the southwest (See Figure 2 - Colorado-Pack Rat Long Section);
1.8 g/t Au over 90.0m including 4.4 g/t Au over 11.1m was returned from the Colorado SW Extension in FCG20-05;
1.5 g/t Au over 37.7m and 1.1 g/t Au over 38.3m were returned from the Colorado SW Extension in FCG20-06; and
8.6 g/t Au over 9.8m high grade gold intercept and 2.5 g/t Au over 58.0m including 10.3 g/t Au over 5.2m, was intersected by FCG20-04 within the newly identified North Fork Gold Zone that extended known gold mineralization 200 metres (See Figure 3 - North Fork Zone Long Section);
Highlighted gold zones remain open laterally and down-dip. There is currently insufficient information available to determine the true widths of the mineralized intervals.
Sampling and Assay Methods
The 2020 drill core was cut at Bureau Veritas Laboratories' ("BVL") facilities in Sparks, Nevada, with the samples analyzed for gold and multi-element analysis in BVL's Sparks, Nevada and Vancouver, BC laboratories respectively. Gold values were produced by fire assay with an Atomic Adsorption finish on a 30-gram sample (BV code FA430) with over limits re-analyzed using method FA530 (30g Fire Assay with gravimetric finish). The multi-element analysis was performed by ICP-MS following aqua regia digestion on a 30g sample (BV code AQ250). Quality control measures in the field included the systematic insertion of standards and blanks.
USA Gold Land Package
Fondaway Canyon is one of 11 gold-silver properties in the USA acquired by Canagold in 2017. Four of these properties are currently optioned out to third parties. Canagold continues to receive expressions of interest in the remaining 7 properties in Nevada, including the Corral Canyon project.
Canagold is focused on creating shareholder value by advancing its flagship New Polaris Gold Project and acquiring new gold properties with compelling discovery potential.
I see this quoted --historical averages above $50.00/oz.
But I am not sure. I was wondering that too. I know some are over $100.
I need to educate myself on that more.
Why Invest in Canagold?
Excellent Relative Valuation Upside Potential
-EV per Global Resource Ounce $USD 30.00
Seeking New Acquisitions
-Analyzing opportunities with gold resource ounces
Advancing Gold Projects with Existing 43-101 Resources
- 2 Gold Projects with 1M Ounces
Strong Cash Position
- Approximately C$ 8.2M cash & Equivalent
Company Led by Experienced Management & Board
- Geologists, Engineers and Financiers
Buying pushing this up. Market cap in $30+ million and NPV over $300 Million. Does that sound like undervalued stock???? YES
Wonder what is holding up to next Gold Investment recommendation.
Was hoping to see that this week.
Very interesting video I think most of you will be glad to hear
Video on supply of silver. Very interesting. This will greatly impact CCW's price in due time.
High-grade Beaver Mine Tailings Drill Program Returns 79.0 G/t Average Silver Grade
COQUITLAM, BC, Feb. 5, 2021 /CNW/ - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTCQB: CCWOF) (Frankfurt: 4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to announce high-grade silver assay results from a recently completed sonic drill program at the Beaver Mine. In addition to the high-grade silver veins being documented at the Castle's Robinson Zone, CCW hosts some of the richest tailings in the Cobalt Camp on both the Beaver and Castle properties, The Company is continuing to address all requirements to advance and develop these projects.
Highlights
High-grade silver assays from 314.0 to 13.7 grams per tonne
Completed 127 sonic drill holes for 354 meters drilled
378 samples assayed for silver, cobalt, nickel and copper
Canada Silver Cobalt President, Matt Halliday, P.Geo., stated, "the Beaver Mine has some of the highest silver grade stamp mill tailings in the Cobalt Camp. Planning is in place to begin sonic drilling at the Castle Mine tailings this year. These historic mine properties can provide a readily available source of mineralized tailings for processing to recover the silver and cobalt."
GoldMinds Geoservices has been retained to conduct all work related to the development of the 43-101 resource estimate at the Beaver Mine and has already been on site and begun the planning process. GoldMinds is led by geological engineer Claude Duplessis, P.Eng. and his 33 years global experience including resource estimation, orebody modelling, resource audits and geotechnical studies.
Location
The Beaver property is patented ground and is located 5 kilometers southeast of the town of Cobalt where Temiskaming Testing Labs (TTL) is located. The Castle Silver Cobalt property is roughly two hours away driving time.
The Castle Property is located 15 km east of Caldas Gold's Juby gold deposit, 30 km due south of Alamos Gold's Young-Davidson mine, 75 km southwest of Kirkland Lake Gold's Macassa Complex, and 100 km southeast of new gold discoveries in the Timmins West area.
Quality Assurance/Quality Control
The Beaver tailings were sampled using a Sonic drill. The drill holes are all vertical with a maximum hole length of 4.78 m and a maximum sample length of 1.6 m (average individual sample length 0.8 m). Drill sample recovery is around 85%. Two quality control samples (blank and standards) were inserted into each batch of 20 samples. The tailings samples were placed in a plastic bag, tagged and sealed then shipped to ALS laboratory Val D'Or. The entire sample was dried, weighed and fully pulverized up to 250 g 85% <75 µm. Samples were then split using riffle splitter and 35 elements were analysed using Aqua Regia ICP-AES. Samples grading above 100 g/t Ag, 10,000 ppm Cu, 10,000 ppm Mo, 10,000 ppm Pb or 10,000 ppm Zn were reanalysed using OG46 Method. A total of 10 blank and 10 standards (STD 1 and STD 2) were used during the sampling program.
Qualified Person
The technical information in this news release was prepared under the supervision of Mr. Matthew Halliday, P.Geo., (APGO) President of Canada Silver Cobalt Works Inc., a qualified person in accordance with National Instrument 43-101.
Copper supply/demand expectations should work out very well for Braveheart:
Copper price climbs as Citi analyst predicts market deficit in H2
MINING.COM Staff Writer | February 3, 2021 | 9:35 am Intelligence Markets China Europe Copper
Copper prices bounced back on Wednesday despite concerns of weaker demand ahead of a major holiday in China, the world’s top consumer.
Copper futures climbed 1.1% to $3.5635 a pound (or $7,856.21 a tonne) on the Comex by noon EST, rebounding from a one-month low.
Sign Up for the Copper Digest
China will celebrate its Lunar New Year holiday February 11-17, when metals demand usually dips as business activities slow.
Meanwhile, a recent coronavirus outbreak in China has dampened the country’s economic activities in January, dragging factory output and service activities growth to multi-month lows.
Consumption growth
However, outlook for copper remains positive for the later months of 2021. Analysts believe soaring sales of consumer goods such as home appliances and cars outside China are expected to invigorate copper consumption and create shortages later this year.
Coronavirus lockdowns have meant many consumers who in previous times would have spent money on holidays, restaurants and other leisure activities are now choosing to buy electrical appliances and durable goods. This trend is expected to hold for some months.
Global copper consumption is forecast to rise 6% to 24.76 million tonnes this year after a 1.3% drop last year
“We are seeing some outright growth in developed market metals consumption in the construction, consumer appliances, and automotive sectors, as covid-19 drives home renovations and new home demand,” Citi analyst Oliver Nugent told Reuters.
Market deficit
Nugent expects the copper market to shift into a deficit in the second half of the year, resulting in a small surplus overall for 2021 followed by deficits in 2022 and 2023.
“In 2021, the market will pay more attention to the world ex-China demand than it has arguably done for the past decade,” Nugent said. “A data point people are talking about more and more is housing starts in the United States.”
According to BoA Securities analyst Michael Widmer, global copper consumption is forecast to rise 6% to 24.76 million tonnes this year after a 1.3% drop last year. He also sees Europe’s share of this at 3.1 million tonnes, a 10% jump from 2020.
The amazing thing about that target is that it is not a 12 month target rather fair value right now. So add in any 12 months accomplishments then imagine what that target would be as this year should make some significant progress. This should be an very profitable long term investment.
That said I have a very hard time holding anything long term.
Continues to highlight how undervalued this is. This stock should be 3-4x current price.
Silver By-product Credits Becoming Significant to Braveheart Resources
Calgary, Alberta--(Newsfile Corp. – February 3, 2021) – Braveheart Resources Inc. (TSXV: BHT) (OTCQB:RIINF) ("Braveheart" or the "Company") is pleased to announce that silver by-product credits are becoming increasing significant to Braveheart at its 100% owned Bull River copper, gold and silver mine project and its 100% owned Thierry Mine Project (“Thierry”) copper, nickel and silver project.
Braveheart recently announced the completion of a positive Preliminary Economic Assessment (“PEA”) for Thierry near Pickle Lake, Ontario (see Braveheart press release of January, 14, 2021). A NI 43-101 Technical Report will be filed on SEDAR within 45 days of that press release. The PEA was independently prepared by P&E Mining Consultants Inc. (“P&E”) of Brampton, Ontario under the supervision of Eugene J. Puritch, P.Eng., FEC, CET. The PEA, which resulted in a pre-tax NPV of $373 million and IRR of 23% and was focused solely on mining of the Mineral Resources at the Thierry underground mine, indicates a 14 year mine plan based on a 4,000 tonne per day underground mining and processing operation. The mine plan assumes the potentially extractable tonnage of Measured, Indicated and Inferred Mineral Resources is diluted by 20% and a 90% mine recovery factor is applied. Measured and Indicated Mineral Resources represent 8,131,000 tonnes at 1.46% Cu, 0.18% Ni and 3.7 g/t Ag. Inferred Mineral Resources represent 11,507,000 tonnes at 1.46% Cu, 0.15% Ni and 6.1 g/t Ag. The prior independent National Instrument 43-101 ("NI 43-101") Technical Report and Mineral Resource Estimate for the Thierry Project was completed by P&E Mining Consultants Inc. in February 2012 and is available on Cadillac Venture Inc.’s SEDAR profile at www.sedar.com. The previous 2012 Thierry and K1-1 Mineral Resource Estimates have been reviewed taking into account current metal prices, US$ exchange rate trailing averages and recently updated operating costs. P&E’s findings are that the 2012 Mineral Resource Estimates are valid for use in the PEA.
Palladium, platinum, and gold do not make material contributions to metal revenues, however silver at Thierry is of sufficient grade to be payable in the concentrates. Typically, smelters will pay for silver in concentrate that is at least 30 g/t or higher. Average silver grade in Thierry copper concentrates is expected to be 56 g/t.
Based on the current Thierry underground mine plan 967,000 ounces of silver are planned to be mined from the Measured and Indicated Mineral Resource and an additional 2,257,000 ounces of silver are planned to be mined from the Inferred Mineral Resource for a total of 3,224,000 ounces of silver from the mined insitu Mineral Resource.
At Bull River the Indicated Mineral Resource is 2,179,000 tonnes that contains a grade of 12.2 g/t Ag totaling 857,000 ounces of silver (see Braveheart press release of January 21, 2019). Additionally, the Inferred Mineral Resource is 513,000 tonnes that contains a grade of 8.7 g/t Ag totaling 144,000 ounces of silver. Total silver in the Bull River Mineral Resource is 1,001,000 ounces. Based on analysis by ALS Minerals in Vancouver, British Columbia, silver in concentrate exceeds the payable threshold.
Ian Berzins, President and CEO commented: “While our primary metal at both properties is copper, the significance of silver as a by product credit is becoming increasingly important. We now have more than 4,300,000 ounces of silver in our combined underground Mineral Resources”.
This excerpt from PR says in my interpretation that they still
have not YET made the "discovery" they are looking for. So they keep drilling and we keep waiting. Hope they soon find the motherloade we need. Dr. Peck still thinks the results indicate the motherloade is there. Just have not found it yet. Time will tell. If they do find it we will do well here for sure.
Dr. Dave Peck, the Company's Vice-President of Exploration and Business Development stated "The intersection of nickel-rich sulfide mineralization is a significant new development for the project. The position of this mineralization at the base of the intrusion fits the pattern observed for sulfide deposition in many layered intrusions globally, with Pd- and Cu-rich disseminated sulfide mineralization developed above denser nickel- and iron-rich sulfides occupying structural depressions along the basal contact and commonly extending into the immediate footwall. The 2020 exploration results support the Company's belief that major deposits of Pd- and Cu-rich disseminated sulfide mineralization - locally underlain by high-value, base metal-rich semi-massive to massive sulfide-oxide mineralization, can be discovered in the Central Parisien Lake area and elsewhere within the prospective lower stratigraphy of the East Bull Lake Intrusion."
That may be a good comparison. We know CCW has alot of silver, it was just a matter of time. A long time... but hope this takes us to new highs and holds till next catalyst.
TSX: CCM| OTC: CRCUF
New Polaris –Robust PEA
Scheduled Resources1,686,000 tonnes Indicated & 1,483,000 tonnes Inferred
Grade10.3 grams per tonne (diluted 20%)
Production Rate 750 tonnes per day
Recoveries 90.5%
Output 80,000 oz gold per annum into dore bars
Minelife 8.7 years
Gold Price US$1,500 per oz
Exchange Rate US$ 1.00 = CA$ 1.40
Capital Cost US$ 111 million
Cash Cost/AISCUS $400 / US$510
After TaxCash Flow (LoM)CA$ 664 million
NPV (5%)CA$ 469million
NPV(8%)CA$383 million
- Internal Rate of Return
Pre Tax 68%
After Tax 56%
Payback Period 1.7 years 1.9 years